Politicized economic commentaries are typically not well-placed to recognize what contributions other methods (e.g., ABMS) can make and are making to the general theoretical framework. For a promising example of how ABMS models are systematically broadening and transforming equilibrium economics, see:
Gintis, Herbert. 2007. The dynamics of general equilibrium. Economic Journal 117 (October):1280-1309.
Just sayin'.
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From: News and discussion about computer simulation in the social sciences [[log in to unmask]] On Behalf Of Daniel Olner [[log in to unmask]]
Sent: Tuesday, August 28, 2012 10:32 AM
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Subject: [SIMSOC] Krugman on neoclassical econs (and where ABM fits in)
http://krugman.blogs.nytimes.com/2012/08/28/neo-fights-slightly-wonkish-and-vague/
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